Question

Alma just turned 15 years old. Her parents started saving $300 each month for her college education when she was born. Her parents want to save at least $150,000 by the time she turns 18 to cover tuition expenses at a 4-year college. How much would they need to save each month for the next 3 years to reach their goal?

Answer 1

Girl it’s a whole lot going on get off and go learn sum u bit

Answer 2

Answer:

Its letting me answer now, so $2,666!

Step-by-step explanation:

First, you wanna find out how much money they have saved. So, since they saved $300 a month, and shes 15, to find out how much they have we have to multiply 300 by the amount of months. Shes 15 and there are 12 months in a year, so 15 x 12 = 180. So thats 180 months, so, 180 x 300 = 54,000. That means so far they have saved 54,000. Well, we need to find how much more money they need. So, the total 150,000 - 54,000 = 96,000. They need 96,000 more dollars. So, lets divide that by 3 years, which is 36 months, since they only have that much time to save. 96,000/36 = 2,666 dollars. I hope that helps you understand! I would really appreciate it if I could have brainliest!